2929 N RICHMOND Street, Appleton, WI 54911, WI 54911
- $1,200,000
- List Price
- $1,200,000
- Status
- ACTIVE-NO OFFER
- MLS#
- 50332109
- Acres
- 0.96
- Municipality
- City of Appleton
Property Description
Value Add - Apartment / Retail Building. 1st floor retail space, 4 retail suites @1,592sf each. Six apartments on 2nd level - Two 1BR & Four 2BR In-place apartments are 100% leased and carry the income while a buyer fills the first floor. Two of four retail bays are vacant (50% first-floor vacancy). North end-cap retail space (occupied) has unused drive-thru potential. Roof approximately 10+/- years old, parking lot repairs within 5 years - appears to be in good shape. Strong retailer presence all within eyeshot: McDonalds, Kwik Trip, Taco Bell, Verizon, Little Caesars, Co-Vantage Credit Union, Jimmy Johns, Wingstop, soon to be 7brew. The land has strong underlying value and upside possibility to get strong regional/national tenants. Strong Traffic Counts - 16,900 Vehicles Per Day
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Additional Information
- Foundation
- Poured Concrete, Slab
- Basement
- None
- Water
- Public
- Sewer
- Public Sewer
Courtesy of Simpson Realty
OFF-D: 920-265-8804
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